SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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INCOME STATEMENTS FOR THE YEAR ENDED 30 JUNE 2008 Note Consolidated Parent Entity Revenue 2 27,325,343 27,673,578 16,766,847 16,712,790 Expenses 3 25,118,638 24,811,222 16,725,593 15,695,389 Borrowing costs 30,569 53,070 – – Profi t before income tax expense 4 2,176,136 2,809,286 41,254 1,017,401 Income tax expense 1(e) – – – – Profi t after income tax expense 2,176,136 2,809,286 41,254 1,017,401 Profi t for the period 2,176,136 2,809,286 41,254 1,017,401 The above Income Statements are to be read in conjunction with the attached notes. 66 SURF LIFE SAVING AUSTRALIA—ANNUAL REPORT 2007–08 2008 $ 2007 $ 2008 $ 2007 $
BALANCE SHEETS FOR THE YEAR ENDED 30 JUNE 2008 Current Assets Note Consolidated Parent Entity Cash and cash equivalents 22(a) 7,358,283 7,338,291 4,827,947 4,546,135 Trade and other receivables 5 1,987,587 1,693,992 1,376,393 947,476 Financial assets 6 8,345,225 6,271,501 5,368,344 6,271,501 Inventories 7 720,288 886,054 63,278 133,856 Total Current Assets 18,411,383 16,189,838 11,635,962 11,898,968 Non Current Assets Financial assets 8 – – 200,104 200,104 Property, plant & equipment 9 13,982,049 15,763,726 2,404,494 2,558,445 Total Non Current Assets 13,982,049 15,763,726 2,604,598 2,758,549 Total Assets 32,393,432 31,953,564 14,240,560 14,657,517 Current Liabilities Trade and other payables 10 8,377,477 8,926,840 7,397,377 7,910,219 Short term borrowings 11 – 668,726 – – Short term provisions 12 409,815 524,428 152,390 106,401 Total Current Liabilities 8,787,292 10,119,994 7,549,767 8,016,620 Non Current Liabilities Long term borrowings 11 – 321,615 – – Long term provisions 12 46,106 128,057 21,234 12,592 Total Non Current Liabilities 46,106 449,672 21,234 12,592 Total Liabilities 8,833,398 10,569,666 7,571,001 8,029,212 Net Assets 23,560,034 21,383,898 6,669,559 6,628,305 Equity Retained earnings 21,539,594 18,899,686 4,649,119 4,144,093 Special funds 15 2,020,440 2,484,212 2,020,440 2,484,212 Total Equity 23,560,034 21,383,898 6,669,559 6,628,305 The above Balance Sheets are to be read in conjunction with the attached notes. SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180 2008 $ 2007 $ 2008 $ SECTION 03—FINANCIAL STATEMENTS 2007 $ 67
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2008 SURF LIFE SAVING AUSTRALIA ANN
Page 3 and 4:
CONTENTS Surf Life Saving Australia
Page 5 and 6:
ARE Our mission is to provide a saf
Page 7 and 8:
SECTION 01 OVERVIEW AND HIGHLIGHTS
Page 9 and 10:
Table 1: Snapshot (For more detaile
Page 11 and 12:
2008 5 January 2008 KNG Ironman ser
Page 13 and 14:
Scene from SLSA’s latest televisi
Page 15 and 16:
Our volunteers are passionate and c
Page 17 and 18: SECTION 02 OVERVIEW OF OPERATIONS A
Page 19 and 20: Table 2: Report card (continued) Ta
Page 25 and 26: CHIEF EXECUTIVE OFFICER’S REPORT
Page 27 and 28: Graph 2: Contributions to state cen
Page 29 and 30: LIFESAVING OPERATIONS REPORT Graph
Page 31 and 32: SURF SPORTS OPERATIONS REPORT OVERV
Page 33 and 34: COMMERCIAL OPERATIONS OPERATIONS RE
Page 35 and 36: Table 3: Stakeholder map (continued
Page 37 and 38: FINANCE OPERATIONS REPORT In June 2
Page 39 and 40: HELICOPTER RESCUE SERVICES OPERATIO
Page 41 and 42: RISK AND RISK MANAGEMENT Three majo
Page 43 and 44: 2007-08 saw a signifi cant change i
Page 45 and 46: CORPORATE GOVERNANCE OUR GOVERNANCE
Page 47 and 48: Michael James Martin B. Eng (Chem)
Page 49 and 50: COMPENSATION Directors receive no c
Page 51 and 52: Board of Lifesaving (BOLS) Name Pos
Page 53 and 54: Surf Sports Technical Committee Ric
Page 55 and 56: National Helicopter Advisory Commit
Page 57 and 58: OUR STAFF We have a small but dedic
Page 59 and 60: OUR OPERATIONAL STRUCTURE SLSA NATI
Page 61 and 62: SECTION 03 FINANCIAL STATEMENTS Wha
Page 63 and 64: 9. DIVIDENDS No dividends were paid
Page 65 and 66: INDEPENDENT AUDITOR’S REPORT To t
Page 67: DIRECTORS’ DECLARATION The Direct
Page 71 and 72: CASH FLOW STATEMENTS FOR THE YEAR E
Page 73 and 74: Available-for-sale fi nancial asset
Page 75 and 76: 2. REVENUE 2008 $ Consolidated Pare
Page 77 and 78: 7. INVENTORIES At cost 2008 $ Conso
Page 79 and 80: 11. BORROWINGS Current 2008 $ Conso
Page 81 and 82: 13. COMMITMENTS FOR EXPENDITURE Fin
Page 83 and 84: 17. ASSOCIATED COMPANIES Country of
Page 85 and 86: 22. NOTES TO THE STATEMENT OF CASH
Page 87 and 88: 23. FINANCIAL INSTRUMENTS (CONTINUE
Page 89 and 90: 25. ADDITIONAL DISCLOSURES REQUIRED
Page 91 and 92: SLSA and Surf Sports Australia (SSA
Page 93 and 94: SECTION 04 SURF LIFESAVING IN AUSTR
Page 95 and 96: WHO CAN JOIN SLSA? Surf Life Saving
Page 97 and 98: Surf sports are a major feeder for
Page 99 and 100: Surf Life Saving Foundation Board L
Page 101 and 102: Andrew Johnson (Tathra SLSC, NSW) A
Page 103 and 104: y SLSA, one of only four in Austral
Page 105 and 106: Robert (Bob) Mayo AM Bob has dedica
Page 107 and 108: NEW LIFE MEMBERS RECOGNISING DISTIN
Page 109 and 110: 2007 AUSTRALIAN POOL RESCUE CHAMPIO
Page 111 and 112: Event 1st place Time 2nd place Time
Page 113 and 114: Male 50m Manikin Carry Anderson, Gl
Page 115 and 116: INTERNATIONAL AND INTERSTATE CENTEN
Page 117 and 118: 2008 UBD AUSTRALIAN MASTER SURF LIF
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Event 1st 2nd 3rd 150 yrs min Singl
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2008 UBD AUSTRALIAN SURF LIFE SAVIN
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Event 1st 2nd 3rd U 23 Female Surf
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Open club championships pointscores
Page 127 and 128:
Event 1st place Time 2nd place Time
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2008 AUSTRALIAN IRB CHAMPIONSHIPS 2
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SECTION 05 STATISTICAL SUMMARIES Wh
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Table 10: SLSA membership by catego
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As Australia’s major water safety
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WA Tas NT 2007-08 Total 2006-07 Tot
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Page 141 and 142:
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Table 17: Surf sports—coaching an
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Peregian Beach SLSC Picnic Bay SLSC
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On 19 October 2007, ‘Memorial to
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SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

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